You for coming on to discuss monopolies suck. Its a very timely book because the issues you write about in the book, the power of dominant companies in the u. S. Economy and the impact on workers and consumers and citizens is really a very hot topic in economics and policy making right now. And we will see but could play a big role in the incoming Biden Administration. So i thought we should begin with sort of the big picture about, that you lay out in the book. I think when people hear the title they might say of course, no one likes monopolies, no one likes dealing with monopolies. The religious book is about a bigger issue. You are warning about a warring trends across the economy that i think many people may not fully understand. I think you could maybe first set the scene for us and describe what you see happening. Guest first, thank you so much for taking the time to talk to me today about this book, and thank you to cspan for having here to talk about it as well. We all know mon
Of the vaccine and the test helping stock prices. Dow jones up about a hundred points at the open, seven for the s p and eight for the nasdaq more retailers reporting this morning and target looks good work samestore sales up 20 , another measure of the strength of Consumer Spending, just like walmart, target stock up 2 at the moment. Look at this, bitcoin crossed 18000 per coin and has backed off to 17855, about a thousand dollars or shy of its alltime high 19640. I was a skeptic, maybe its Something Else i should have bought that didnt like apple, tesla, amazon, zoom and so many more. We do have a jampacked show. New york Governor Cuomo says President Trump had nothing to do with the Rapid Development of the vaccines. You will see him say it. Boeing gets max judd approval and is now ungrounded. How about this for thanksgiving, noticing, no shouting, kp the music down so you dont have to raise your voice and my off the alcohol. New restrictions for thanksgiving is growing. Varney co.
Justice department as it begins a lawsuit against google. Election is complete. And searching for the secrets of life and nasa Spacecraft Lands on an asteroid. Thank you very much for joining us we begin with the growing tensions in nigeria where there are reports that Security Forces have shot dead protesters Amnesty International says it happened as they tried to disperse demonstrators in lagos is one of several cities where a care few is in place after days of demonstrations against Police Brutality turned violent reports. It began as peaceful protests to demand an end to Police Brutality. And for 2 weeks the government struggled to feel to calm protesters. Their demands among others include far reaching reforms of the police and the prosecution of officers accused of extrajudicial killings torture and disappearances nokia is going through things we have been protest in we have not had any reasonable results which is what we want out. But you know. What i know im really listening to
Action, announcing a fourweek shutdown of all restaurants and bars and france requiring people to remain in their homes except going out for essentials and here in the u. S. , a new round of coronavirus a hit to the economy because of recessions abroad. Guy, what do you say its fascinating. The market hasnt cared about a lot of stuff you mentioned except for this week i have been wondering why the market hadnt been selling off one of the things i was saying was it was stuck above 25, but the market didnt care so my views were dead wrong. Now the market cares i will paint a rosy picture tomorrow tomorrow they closed either side of 40. Go back and look i think june 11th it popped out at 40. You could potentially see a washout tomorrow morning down to 32. 09 which was a september low. Maybe close off those lows some huge earnings from these companies, maybe it will be the mother of return gains friday. I think 32. 09 is the likely place of support on the s p. Today was shocking, tim, but
Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead wit